GbpNzd outlook
2019-12-11 11:32:27
Starting with Aug, GbpNzd is in a clear uptrend, putting in higher lows and higher highs
After rising 2000 pips and reaching 2.05 resistance, the pair corrected and we have a false break of 2.0 psychological support at the beginning of the month
The pair recovered above this support quickly and now is trading at 2.0140
We believe that a next leg up is underway and 2.05 figure will be challenged again soon
Strategy:
Look to buy lows
SL under 2.0
TP @ 2.05